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Dodge & Cox sells over 1.5 million Goldman Sachs shares despite the firm reporting strong earnings.
Institutional investor Dodge & Cox reduced its stake in Goldman Sachs by selling over 1.5 million shares, while the company reported strong earnings, beating estimates by $1.55 per share and reporting revenue of $15.06 billion.
Analyst ratings for Goldman Sachs vary, with an average "Hold" rating and a consensus price target of $586.
The company's stock, valued at $503.77 per share, has a market cap of $157.20 billion and a price-to-earnings ratio of 12.42.
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Dodge & Cox vende más de 1,5 millones de acciones de Goldman Sachs a pesar de que la firma ha reportado fuertes ganancias.